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Selling price 80.00/unit % of sales 100%
variable expenses 43.20 54%
contribution margin 36.80 46%
Fixed expenses 75,200/month and the company is selling 3,000 units per months.
Calculate the increase or decrease in net operating income if an 8,300 increase in the monthly advertising budget would increase monthly sales by 14,300.
What are the advantages and disadvantages of the computer-assisted audit technique known as parallel simulation?
Prepare an estimated income statement for 2008. What is the expected contribution margin ratio? Determine the break-even sales in units. Construct a cost-volume-profit chart indicating the break-even sales.
Race decided to use the equity method to account for this investment. What was the noncontrolling interest's share of consolidated net income?
How have they been useful in your personal experience? Explain. -Should they consider a mix of the two concepts? answer with 500 words
Paxel owns 80% of Saxel's outstanding common stock. For 2009, Saxel reported $60,000 of net income and declared dividends of $10,000. What amount appears in Paxel's 2009 income statement if Paxel accounts for its investment using the equity method..
The bookkeeper for Wooster Company asks you to prepare the following accrued adjusting entries at December 31. Interest on notes payable of $400 is accrued.
Pam owns a sole proprietorship and Kevin is the sole shareholder of a C (regular) corporation. Each business sustained a $16,000 operating loss and a $2,500 capital loss for the year. Evaluate how these losses will affect the taxable income of the..
The accumulation was motivaated by his thinking that a depression was just around the corner. Tax savings did not enter his mind. Does the accumulated earnings tax apply to T corporation?
A competitive environment means that organizations will be:
Calculate the annual lease payments. (Remember, these payments are to be considered at the begining of each year - annuity due.
Costs associated with the bond issuance were $160,000. Wasserman uses the straight-line method to amortize bond issue costs. Prepare the December 31, 2011, entry to record 2011 bond issue cost amortization.
Prepare in journal form, without explanations, the end of month adjusting entries for Flop's Copy Shop for the month of September. Prepare a partial adjusted trial balance for the accounts provided.
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